After Two Years Jobs Start to Fall in Brazil

Brazzil Magazine covers

In September, Brazilian industry interrupted a 2-year trend, when it had a higher number of job dismissals than new employments. In September, the number of industry workers dropped 0.03% in relation to August. But, when compared to September of last year, it increased 2.19%.

In spite of the reduction in job generation, the sum of the salaries of all industry workers’ keeps growing. In comparison to August, real salary improved 0.43% in September.

And when compared to September of last year, the increase was even higher: 7.43%. It is the seventh consecutive high for this indicator.

These data are presented in the Industrial Indicators report, released this Tuesday (8), by the National Confederation of Industry (CNI).

CNI economist, Paulo Mól, explained that this real salary improvement does not reflect a favorable industrial performance, but that it is a direct consequence of inflation reduction, which improved the purchasing power of salaries.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Doha, Qatar, Will Soon Be Home to Over 1,000 Brazilians

Seven hundred additional Brazilians will move to Qatar, in the Middle East, by March ...

Brazzil Magazine covers

Minas Gerais State, Brazil, Doubles Exports to Arabs

Brazil's Minas Gerais state exports to the Arab world doubled in the first half ...

Brazzil Magazine covers

Petrobras Tests First Oil Platform Made 100% in Brazil

Brazilian oil multinational's Platform P-51, the first unit entirely built in Brazil, has left ...

Brazzil Magazine covers

Marble and Granite Have Their Day in Brazil

Today, May 24, is the first day of the 2nd International Business Roundtable for ...

Brazzil Magazine covers

On the Road

Car manufacturers from around the world have been investing feverishly in Brazil. The country ...

Brazzil Magazine covers

Dance, Fight? London Gets a Taste of Brazil’s Capoeira

Visitors making their way to Baishaki Mela – the Bangladeshi New Year – were ...